FDA to ban flavored e-cigarettes at U.S. convenience stores
House Republicans Choose Rep. Kevin McCarthy as Minority Leader
Drunk Woman Passenger Abuses Air India Crew After Being Denied Alcohol, Held
UK's Labour signals opposition to Brexit deal
$1.5 billion Mega Millions South Carolina victor hasn't claimed, deadline
Buckle up: Wall Street volatility is back
27 October 2018, 08:59 | Kelvin Horton
Cannabis seedlings are shown at an Aurora Cannabis facility Friday
Steep drops in favorites like Amazon pulled the market sharply lower Friday, capping an unusually turbulent week of trading. The index plunged 9 percent since early this month as investors anxious about climbing interest rates and the effects of the U.S-China trade dispute. Other big decliners: Apple slid 2.2 percent to $217.86, while Alphabet fell 4.4 percent to $1,066.22.
The Dow erased much of its early losses.
Mattel dropped 2.6 per cent to $13.48 after the toy maker served up quarterly results that fell short of analysts' forecasts. Bond prices continued to rise, sending yields lower, as traders sought safe-haven investments.
Losses in banks, energy and technology companies outweighed gains by internet and consumer-goods stocks.
Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day.
Amazon and Alphabet, both scheduled to report earnings on Thursday, fell by more than 5 percent each on Wednesday.
Other major companies also fell sharply. Hong Kong's Hang Seng index dropped 0.4 percent and the Kospi in South Korea gave up 0.4 percent.
The Dow was down 349 points to 24,630.
The strong earnings helped Nasdaq-listed companies rebound after the tech-heavy index was hit with its worst decline since 2011 in the previous session. That stretch included a couple of big rallies, but the losses erased the benchmark index's gains from earlier in the year.
The S&P 500, the benchmark for many index funds, is now 10 percent below the peak it reached in September.
The French CAC 40 jumped 1.6 per cent and Germany's DAX added 1 per cent. It was down as much as 539 minutes earlier.
Overall, the Dow has declined by 7.1 percent in October, S&P by 8.9 percent and the Nasdaq by 11.7 percent.
Stocks are opening broadly lower on Wall Street, a day after a massive surge, as a number of big companies reported disappointing results.
On Thursday the stock market looks the way it has looked for most of this year: high-tech and consumer-focused companies lead the way while steadier, defensive stocks that pay big dividends weren't doing much, or lost ground.
Google-parent Alphabet's revenue missed estimates, fanning concerns that regulatory scrutiny and competition would throttle its scorching pace of growth.
Microsoft surpassed analysts' forecasts in the first quarter as it mined new revenue sources in online subscriptions, gaming and its LinkedIn professional networking service.
Truck maker Paccar fell 5 percent to $57.45, while engine manufacturer Cummins slid 3.4 percent to $135.12.
USA gross domestic product growth slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in almost four years and a surge in inventory investment.
The CBOE Volatility Index, Wall Street's fear gauge, rose 2.1 points, its sharpest jump in two weeks. Silver fell 0.3 percent to $14.63 an ounce. The tech-heavy Nasdaq composite dropped 176 points, or 2.4 percent, to 7,145. The yield on the 10-year Treasury note rose to 3.14 percent from 3.12 percent.
Man arrested over USA mail-bombings
Court records also show that Sayoc was convicted in the 1990s in Broward County, Fla. on grand theft and stolen property charges. Maxine Waters (D-Calif.), but police and officials at a South Los Angeles mail facility intercepted them prior to delivery.
Billion Dollar Winning Lottery Ticket Sold
They can take $828 million in a lump sum or receive the full $1.537 billion in annual installments over the next three decades. No one has matched all six Mega Millions numbers since July when a group of 11 co-workers won a $543 million (£415.4m) prize.